Sr Credit Analyst, Enterprise Credit - BSC

Job Description

Description

Be a part of something powerful at America's leading energy provider!

At Exelon, our people are the heart and soul of our business. Whether it's powering lives, supporting communities or collaborating with colleagues, an Exelon employee is talented, compassionate, forward-thinking and inspired. We are a Fortune 200 company united by our values and shared vision for a cleaner and brighter future. We encourage curiosity, value diverse perspectives and we never stop looking for ways to be, work and do better. We know the future is in our hands. That's why we're looking for people like you, who have the power to make a difference.

As the nation's largest utility company, we serve more than 10 million customers through six fully regulated transmission and distribution utilities -- Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco). All 18,000 of us are committed to delivering safe, reliable and affordable energy to our customers, strengthening our communities, supporting a clean energy future and reducing our impact on the changing climate.

Our people are empowered to evolve and advance their careers in an open and inclusive environment. We pride ourselves on being the kind of place where people want to come, stay and grow -- whether that's in the role and path they start in or in new and exciting career opportunities across our business. We know that investing in our employees' futures strengthens ours, which is why we offer competitive compensation, incentives, opportunities for career path changes, and health and retirement benefits.

PRIMARY PURPOSE OF POSITION

The Senior Credit Analyst is primarily responsible for both governing and oversight of the credit, collateral, and collection practices related to Commercial & Industrial (C&I) Customers and performing all credit and collateral related activities in the electric and gas default procurement and choice programs at the utilities.  Responsibilities will include assessing, analyzing, and mitigating utility credit matters as it relates to electric, renewable energy credit suppliers, and Commercial and Industrial customers.  A significant amount of the position’s time and responsibility will be focused on analyzing C&I customers’ creditworthiness in order to obtain deposits and to manage the daily margining process related to electric and gas procurement suppliers.

PRIMARY DUTIES AND ACCOUNTABILITIES

• Work directly with utility revenue management groups to ensure effective monitoring of the creditworthiness of all C&I customers through usage of a watchlist and obtain deposits, where applicable
• Perform the daily mark to market (MTM) and margining function at respective utility’s energy procurement
• Administer and support credit related activities associated with electric and gas procurements
• Administer and support credit related activities associated with real estate, extension projects, electric and gas choice programs
• Support in a firm wide aggregation for all collateral support documents.  This includes the development of formal process and implementation across Exelon

JOB SCOPE

A Senior Credit Analyst is closely aligned with the business and functional leaders throughout utility operating companies and is expected to foster and maintain strong working partnerships with their respective peers.  Through its interaction and various operating companies within Exelon, this position  provides valuable insight and reports to ensure the financial viability of the Corporation.  Decisions made by this group can substantially impact the bottom line of the organization and are expected to reflect the risk profile set forth by the Risk Committee.  The ability to interact with external customers is also extremely important.

In addition to the above, the Senior Credit Analyst is responsible for:

• Perform the daily mark to market and margining function at each of the respective utility’s energy procurements.
• Alert Utility operating company management of early warning signals of potential high risk C&I counterparties / customers and assist in risk mitigation activities through maintaining utility watchlists
• Provide firm C&I customer deposit recommendations to respective utility revenue management groups based on creditworthiness assessments and support in resulting customer calls.
• Negotiate credit terms and conditions, participate in customer calls to assess counterparty creditworthiness, perform customer visits, where applicable.
• Administer and support all credit and risk activities associated with wholesale electric and gas procurements, gas and electric choice programs, and extension projects.
• Assist in the implementation of an unified utility margining platform.
• Support junior staff in the utilization of PowerBi to aggregate exposure across utility C&I customers and generate various credit reports across the company
• Develop strong relationships between Enterprise Credit and the Utility operating companies.

Qualifications

MINIMUM QUALIFICATIONS

• BS in Accounting, Economics, Finance, Mathematics, or a related degree
• At least 4-7 years of experience in a finance, credit, banking, or lending role
• Significant knowledge of the electric/gas utility business model
• Understanding of Mark to Market calculations and valuations of forward contract positions
• Strong understanding of financial and wholesale energy trading markets and the utility regulatory construct
• Excellent organizational, verbal and written communication skills with ability to handle multiple duties
• Strong interpersonal skills with the ability to interact with utility, corporate, and functional partners, external counterparties, vendors, and senior level executives within the organization 
• Must be self-motivated, directed, and possess excellent time management skills
• Knowledge of credit and risk management
• Confidence in navigating ambiguous scenarios to arrive at thoughtful solutions, with limited guidance
• Always curious, open minded, and pragmatic in assessing current processes and ideating innovation and process improvement efforts 

PREFERRED QUALIFICATIONS

• Regulatory or rate making experience at a public utility
• Completion of formal credit training program or banking experience
• fundamentals
• Credit and Collections experience